Firan Technology Group Corporation · TSX:FTG
Firan Technology — FTG — Investor Presentation (February 2026)
30 slides from Firan Technology's investor presentation, February 2026
Slide 1: FTG Corporation: Aerospace & Defence Electronic Products & Subsystems
FTG CORPORATION Aerospace & Defence Electronic Products & Subsystems FTG: TSX February 2026
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements. These forward-looking statements are related to, but not limited to, FTG’s operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains words such as “anticip
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Slide 4: FTG Today: Pioneering Aerospace & Defence Solutions
FTG Today: Pioneering Aerospace & Defence Solutions A Global Force, Crafting Cutting-Edge Electronic Products and Subsystems that Propel the Industry Forward Markets Products Cockpit and Avionics Printed Circuit Boards Products Aerospace & Defence FTG Aerospace FTG Circuits TSX: FTG 4
Slide 5: FTG at a Glance
FTG at a Glance Financial And Operational Snapshot ✓ TSX: FTG ✓ 30% 3-year CAGR Driven by Acquisitions & Organic Growth: ✓ $191M Sales in 2025 ✓ $162M Sales in 2024 ✓ $135M Sales in 2023 ✓ $90M Sales in 2022 ✓ 10 Sites Globally: ✓ 5 in USA ✓ 3 in Canada ✓ 2 in China ✓ Plus 1 site under constructio
Slide 6: FTG Strategic Initiatives
FTG Strategic Initiatives Operating Performance Deliver Value to Customers Growth Reduce Costs, improve Increase Efficiencies Operating Leverage Expand Pursue Market Technology, High Positioning Geography, Margin Capacity Business Advanced Acquisitions Technology TSX: FTG 6
Slide 7: FTG Operating System
FTG Operating System Solidifying Leadership Team – Laying The Groundwork To Scale Efficiently, Without Compromising Performance ▪ Build/Strengthen the team Brad Bourne ▪ Standardize FTG operating CEO system across the company: ▪ Leverage best practices CORPORATE LEADERS OPERATIONS LEADERS from insi
Slide 8: FTG Strategic Initiatives
FTG Strategic Initiatives Operating Growth Performance Deliver Value Increase to Customers Reduce Costs, Operating Improve Leverage Efficiencies Expand Pursue Market Technology, High Positioning Geography, Margin Capacity Business Advanced Acquisitions Technology TSX: FTG 8
Slide 9: FTG Scalable Economics
FTG Scalable Economics Top Line Drives Bottom Line CAD/USD Exchange Rate 100 $1.70 90 Direct Labour Variable Cost $1.60 80 ~70% $1.50 70 $1.40 60 Material $1.30 Percent 50 $1.20 40 Fixed Cost $1.10 30 Indirect Labour ~30% $1.00 20 $0.90 10 Infrastructure 0 Contribution Margin of ~30% on incremental
Slide 10: Commercial Aircraft Deliveries
Commercial Aircraft Deliveries AIRCRAFT DELIVERIES 1200 Airbus Airbus total backlog 8,754 1000 ▪ Airbus shipped 33% more than Boeing in 2025 800 ▪ Airbus expected to exceed AIRCRAFT 2019 shipments levels in 2026 # Aircraft 600 Boeing total backlog 5,994 400 Boeing 200 ▪ Boeing impacted by Alaska A
Slide 11: Defence Spending
Defence Spending US & NATO DEFENCE SPENDING $B Defence spending is increasing as geopolitical tensions increase around the globe NATO defence spending increased from 37% to 66% of the US spending TSX: FTG 11
Slide 12: FTG's Multiple Levers For Continued Growth
FTG’s Multiple Levers For Continued Growth 4. New Technology Increase product offerings to grow content per aircraft 2. New Programs Win content on new programs in development 3. Operational Excellence Quality, delivery, 6. Acquisitions customer service In support of increased 1. Market/ Industry ca
Slide 13: FTG Strategic Initiatives
FTG Strategic Initiatives Operating Performance Growth Deliver Value to Customers Reduce Costs, Increase Improve Operating Efficiencies Leverage Expand Technology, Pursue High Geography, Market Margin Capacity Business Positioning Acquisitions Advanced Technology TSX: FTG 13
Slide 14: Barriers to Entry
Barriers to Entry Technology/Capabilities Government certifications Customer certifications and approvals Customer Relationships Operational Performance Financial Strength Global Footprint TSX: FTG 14
Slide 15: Market Positioning
Market Positioning Benchmarking Process Used To Assess Financial Attractiveness Of Various Market Segments After market Simulators Margins Aerospace Defence Cash Cycle Future investment decisions will drive FTG towards higher margin business TSX: FTG 15
Slide 16: Aerospace Technology Growth
Aerospace Technology Growth Technology Growth Drives Higher Content Per Electronic Aircraft And Accelerates Revenue Growth Assembly Power Supply Panel Switch Panel 46% of 2025 sales Electro-mech are assemblies Assembly Keyboard TSX: FTG 16
Slide 17: Circuits – Technology Growth
Circuits – Technology Growth HDI Micro Vias Hybrid Materials Semi / Fully Rigid Flex High Frequency Thermal Sequential RF Circuitry Additive Process Assembly RF Circuitry Management Lamination Digital Circuitry UHDI Filled Vias Over 50% of sales are high technology or specialty products TSX: FTG 17
Slide 18: FTG Strategic Initiatives
FTG Strategic Initiatives Operating Performance Deliver Value Growth to Customers Reduce Costs, Increase Improve Operating Efficiencies Leverage Pursue Market Expand High Technology, Margin Positioning Geography, Business Capacity Advanced Technology Acquisitions TSX: FTG 18
Slide 19: Corporate Development Milestones
Corporate Development Milestones Company Founded Acquires Filtran Acquires Helix Circuits Micro Circuits Photo Etch Company renamed Incorporates FTG Acquires Teledyne PCT Circuit World Aerospace Tianjin Acquires Colonial FTG completes FTG Aerospace Chatsworth Circuits reverse takeover Grand Opening
Slide 20: FLYHT Acquisition
FLYHT Acquisition Products Satcom communications via Iridium Satellite system (AFIRS 228) Backup aircraft safety communications system Aircraft data transmission system for enhanced operations management In service for many years, with design update just completed Factory option for all Airbus aircr
Slide 21: FLYHT Acquisition: Path Forward
FLYHT Acquisition Path Forward Manage operating costs Reduced internal costs - FLYHT restructured in September 2024 significantly reducing labour costs Product development efforts winding down Eliminated public company costs Total savings estimated at ~$4M annually Aggressively sell all products aga
Slide 22: Future M&A Considerations
Future M&A Considerations Future Acquisitions Key criteria for future acquisitions include: ▪ Aligned with FTG market and product focus ▪ Expand technology offering ▪ Expand geographic coverage ▪ Europe for commercial aerospace ▪ Europe, India, other top ten countries outside of US for defence ▪ Acc
Slide 23: Capital Allocation
Capital Allocation Capital allocation plans include: 1. Invest organically to ramp throughput and drive technology 2. Pursue corporate development opportunities 3. We have an NCIB to buy back up to 5% of outstanding shareholder stock ▪ 616,400 shares repurchased since 2022 Deploy cash available to i
Slide 24: US Tariffs
US Tariffs The new US Administration is implementing tariffs on imports into the US FTG sales include approximately $58M in sales to the US from Canada or China Mitigation plans include: It will take time for the Aerospace and Defence supply chain to move sources of supply so any negative impact to
Slide 25: Financial Highlights – Revenue and Earnings
Financial Highlights – Revenue and Earnings $200 $35 $180 $30 $160 Revenue ADJ EBITDA $140 $25 $M $120 $M $20 $100 $15 $80 $60 $10 $40 $5 $20 $0 $0 2021 2022 2023 2024 2025 Revenue Adj EBITDA Revenue has more than doubled since pandemic lows EBITDA has more than tripled TSX: FTG 25
Slide 26: Balance Sheet Highlights
Balance Sheet Highlights $55 $50 $45 Working $40 Capital $35 $30 $25 $M $20 $15 $10 $5 $0 Net -$5 Cash/Debt -$10 Working Capital | Working capital remains strong after the acquisitions Net Cash | FTG has minimal debt after completing two acquisitions in 2023 and one in 2025 (valued at over $50M) TSX
Slide 27: Cash Flow Highlights
Cash Flow Highlights Cash Conversion (1) $14,000 $12,000 $10,000 $8,000 $K $6,000 $4,000 $2,000 $- 2021 2022 2023 2024 2025 Net Income Cash Flow FTG is consistently cashflow positive 2023/24 cash conversion impacted by large ramp in production (1) Cashflow excludes acquisition costs and building pur
Slide 28: FTG's Stock Performance
FTG’s Stock Performance Stock is up ~750% in the last decade FTG TTM EV/EBITDA is ~14X FTG now trades on the OTCQX market in the US – ticker FTGFF Investor Research Reports: Company Raymond James Acumen Beacon Rating Outperform 2 Buy Buy Target Price $20.00 $22.00 $23.00 TSX: FTG 28
Slide 29: ESG at FTG
ESG at FTG Focus On Environmental, Social & Governance Factors Across All Operations Environment: Reduction of impact on the environment in areas such as water recycling, higher efficiency equipment, and committed further investments, with the support of the Canadian and Ontario Governments. Social:
Slide 30: FTG Corporation
FTG CORPORATION www.ftgcorp.com | FTG: TSX FTG: TSX